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AR HB1735
Bill
Status
4/22/2015
Primary Sponsor
John Payton
Click for details
AI Summary
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Amends the definition of "salvage vehicle" to clarify that a vehicle is classified as such if it is water-damaged or sustained damage totaling at least $5,000 and at least 70% of its average retail value
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Redefines "water-damaged" to mean damage from submersion in water above the dashboard, regardless of dollar amount, that either saturated or contaminated electronic or electrical systems necessary for safe operation, or rose to cover the door sill and entered the passenger compartment
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Removes the seven-year age limitation on applicability of the subchapter regarding damage disclosure on vehicle titles
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Requires any title branded under this subchapter to retain the brand for the life of the vehicle
Legislative Description
To Amend Arkansas Law Concerning The Disclosure Of Damage And Repair On A Certificate Of Title.
Last Action
Died in Senate at Sine Die adjournment.
4/22/2015